Kinda Bummed...:(

Went today after working dilligently to submit all information to the CRA to apply for my first CC. First Premier... The app said that some information could not be verified... Does anyone know what that means? I was super excited to get a card... ANY CARD after this fiasco and start using it and building some type of positive history. Now, I am in the dumps about it and wondering if CH.7 was the best thing and where to start with the credit rebuild process. I want to get something reporting to show that I am getting some positive history going. Sigh. I don't want to hat 450-500 credit scores forever. Can anyone point me in the right direction?

Re: Kinda Bummed...:(

first thing .. Dont be bummed. Its a road that many have travelled. First read as many of the posts here as you can. There is tons of good info. Secong the want to verify that you are who you say you are. This is nothing to worry about give them a call and answer the id questions. stay positive. try cap one as many of us have used for our first post bk card . they have a credit steps program. read the post tons of good info that has helped me rebuild to a 625 equifax and a 680 fico in less than a year. Its possible

Re: Kinda Bummed...:(

I agree, I would not be bummed out. You are going to get rejections, but this does not sound like a rejection. Credit One told me the same thing but I was able to provide them with the information and I was approved for a card with a $500 Limit. Your scores will go up, just pay on time and follow the advice given on this board.

Re: Kinda Bummed...:(

Try Creditone and Merrick Bank. They approved me right after BK. Aside from them, I cannot get any other loans. Not even auto so expect a serious uphill battle obtaining any credit.

What are your scores now? What is your utilization? When were you discharged? Have you done any cleanup on your reports? I have heard this so many times that I am just curious as to where you stand right now. It may be that something is just not reporting correctly and keeping your scores down.

Re: Kinda Bummed...:(

BTDT. I was denied a secured CC a year after my BK7. I didn't know that companies had different criteria, so I thought if one denied me, they all would. I waited another year and finally started (almost 2 years) getting preapproved offers with high IRs and AFs. That got me a positive history started, but had I found this site sooner, I'd be 2 years ahead of where I am now...Another lesson learned.

Re: Kinda Bummed...:(

All of these CC's I've gotten within the last 12-16 months and am currently in the 24th month of a 60 month Ch 13 plan. Now because of the BK, my DTI ratio is now VERY good as I have gone through and disputed my credit files to ensure all of the trade lines are reporting correctly; i.e. everything in Ch 13 and no active balances. That made a huge difference for me. Still have a little ways to go on my Experian file, but Ill get there. All told I have $2100 AC on all 4 cards and I never use more than $400, which is paid in full every month. Sounds to me like you need to start working on your credit files to make sure they are as squeaky clean as possible. Good luck to you.....

Re: Kinda Bummed...:(

BTW.... I forgot to say keep your head up. This is most definitley a turtles race and is one that the hare will not win. The hardest thing for me is not rushing. If I let the old me win, I would be filling out app after app, day after day; until there were so many inq's on my report there wouldn't room for anything else. I fight that urge on a constant basis. Make sure your files are clean and the rest will follow. Also, even though Orchard Bank was bought by Cap One, their site is still up and taking apps. Try them and see what happens. They gave me a $300 CL literally 4 months after filing my Ch 13. I don't care how high their fees are. Iwill be a LOYAL customer for life because they took a chance on me.....

Re: Kinda Bummed...:(

All of these CC's I've gotten within the last 12-16 months and am currently in the 24th month of a 60 month Ch 13 plan. Now because of the BK, my DTI ratio is now VERY good as I have gone through and disputed my credit files to ensure all of the trade lines are reporting correctly; i.e. everything in Ch 13 and no active balances. That made a huge difference for me. Still have a little ways to go on my Experian file, but Ill get there. All told I have $2100 AC on all 4 cards and I never use more than $400, which is paid in full every month. Sounds to me like you need to start working on your credit files to make sure they are as squeaky clean as possible. Good luck to you.....

What is the AMEX prepaid card and what are the qualifications? Does it report to all 3 CRA's? I bk'd Cap One so I don't think that I will get that one back anytime soon. I have credit one for $500 and a store credit card from The Avenue for $150 but since I haven't gotten my discharge papers.....which should be very soon I haven't really been trying to hard for rebuilding. I had a long 60 plus months Ch 13 and am so glad to be done with it.

Re: Kinda Bummed...:(

Also, even though Orchard Bank was bought by Cap One, their site is still up and taking apps. Try them and see what happens. They gave me a $300 CL literally 4 months after filing my Ch 13. I don't care how high their fees are. Iwill be a LOYAL customer for life because they took a chance on me.....

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